Historical Triplex with In-Unit
For Sale
$739,000
418 W Hayman Boulevard lot 30-33, Kill Devil Hills, NC 27948
MULTI_FAMILY - Kill Devil Hills, NC
Property Size2,650 SF
Lot Size0.23 Acres
Price / SF$278.87
Days on Market47
Property Features for 418 W Hayman Boulevard lot 30-33
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
4
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
Off Street
Interior features
All Window Treatments, Dryer Connection, Washer Connection
Appliances
Dishwasher, Dryer, Range/Oven, Refrigerator, Washer, 2nd Refrigerator, Stackable Washer/Dryer
Subdivision
Va Dare Shores
Lot features
Level
Directions
From Bypass, take W Hayman Blvd; #418 is down on the right.
Standard status
Active
Size
2,650 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1328
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1945
Number of units
3
Flooring type
Wood, Vinyl
Building materials
Frame, Wood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Atlantic Realty
(252) 261-2154
Listed By:
Barbara Gudoski
(252) 207-8902
Added: Jun 15
Changed: Jul 28
Last Checked: Jul 31 at 8:06AM
MLS# 133183
Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1945 as a historical landmark on the oceanfront and later moved to its current location, this triplex includes a main house plus two apartments: a former garage converted to an apartment and former maids quarters converted to an upstairs studio. Each unit features a full kitchen and a washer/dryer. Water, electric, and internet services are included in current rents. The interior staircase to the former maids quarters area is currently closed off, but can be restored to accessibility if desired. Woodwork throughout the main home contributes to its distinctive character.
Located on Hayman Boulevard, the property is near both ocean beach access (with parking) and sound access (with a few parking spaces), along with a community park. The property is centrally located in Kill Devil Hills.
With its three separate residential units and shared utility inclusion in current rents, the configuration is well-suited for continued long-term rental use or owner-occupancy with supplemental rental income.
Located on Hayman Boulevard, the property is near both ocean beach access (with parking) and sound access (with a few parking spaces), along with a community park. The property is centrally located in Kill Devil Hills.
With its three separate residential units and shared utility inclusion in current rents, the configuration is well-suited for continued long-term rental use or owner-occupancy with supplemental rental income.
Key Highlights
- Triplex with main house plus two apartments: former garage‑now apartment and former maids quarters‑now upstairs studio apartment
- Each unit has a full kitchen and washer/dryer (stackable washer/dryer and washer/dryer connections)
- Appliances included: refrigerator (2), range/oven, dishwasher, washer and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.8k | $22.20 |
| − Vacancy | −$2.9k | −$1.11 |
| EGI | $55.9k | $21.09 |
| − OpEx | −$16.8k | −$6.33 |
| NOI | $39.1k | $14.76 |
2,650 SF · lease $22.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$558.9K
$489.0K – $652.0K
NOI $39,122 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$517.8K
$453.1K – $604.1K
NOI $36,245 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$639.6K
$559.7K – $746.2K
NOI $44,774 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 27948, NC
12,095
Population
10,143
Households
1.2
Avg Household Size
46
Median Age
43%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
1,301
Density / Sq Mi
$85,319
Median Household Income
$41,433
Median Earnings
$1,539
Median Rent
$398,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex includes full kitchens and washer/dryers for each unit, with water, electric, and internet included in current rents.
Where is this triplex located?
The property is located at 418 W Hayman Boulevard lot 30-33 Kill Devil Hills, NC.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Triplex with main house plus two apartments: former garage‑now apartment and former maids quarters‑now upstairs studio apartment; Each unit has a full kitchen and washer/dryer (stackable washer/dryer and washer/dryer connections); Appliances included: refrigerator (2), range/oven, dishwasher, washer and dryer
